Nov 2006 Financial News

Sagicor Removes 20% Restriction

Nov 14, 2006

At the Special Meeting of Shareholders held on Wednesday 8th November, 2006, the Resolution to remove the 20 per cent share ownership restriction was passed.

The passing of this Resolution now allows Sagicor and its Shareholders to benefit from the following advantages of an International Listing:

* Access by Shareholders to more liquid markets for the trading of freely transferable shares;

* Access to capital in more established markets to pursue the Company's strategy of expansion;

* Creation of a footprint in an international capital market;

* Enhancement of Sagicor's ability to compete in a global environment;

* Exposure to international best practices in corporate governance.


Source:

Corporate Communications
Sagicor Financial Corporation